Private Equity 24 Hours

Last updated: August 4, 2026, 11:31 AM ET

Private Equity Fundraisings and Transactions

Met Life Investment Management has successfully closed its third managed secondary transaction, raising approximately $1.2 billion for the Met Life Investment Private Equity Partners Fund III. MetLife Investment Management served as the lead investor in this significant deal, which saw Met Life shop a portfolio of funds and co-investments with a net asset value of $1.8 billion. Nordic Capital has agreed to acquire BWXT's medical business in a transaction valued at up to $800 million. Nordic Capital's move is expected to enhance BWXT's capabilities and market presence in the radiopharmaceuticals sector. Apollo is reportedly halfway to its fundraising target for Fund XI, which aims to secure between $22 billion and $25 billion. Apollo began raising capital for this flagship fund in February.

Adams Street has doubled the size of its latest flagship secondaries raise to $2.7 billion, which is part of a larger $5 billion secondaries program. Adams Street's fund seeks an equal allocation between limited partner (LP) led and general partner (GP) led deployments, with a strategic focus on North America and Europe. Sheridan Capital Partners has acquired Carolina Components Group, a provider of custom-engineered bioprocessing assemblies. Sheridan Capital Partners anticipates strong market interest when it eventually seeks to sell this scaled asset. KKR has agreed to take Integer Holdings private in an all-cash transaction valued at approximately $5.7 billion. KKR's deal involves the carve-out of Integer's medical device business.

BV Investments has partnered with workforce compliance service provider Thomas & Company to support its next phase of growth. AshGrove has backed 10x Banking, a company that provides cloud-native core banking technology to help financial institutions modernize their legacy infrastructure. Mutares has completed its largest deal to date with the $450 million acquisition of SABIC's engineering thermoplastics business in the Americas and Europe. Mutares' acquired business which will be rebranded as Nex Point Materials, employs approximately 2,800 people and generates roughly $2.5 billion in annual revenue.

Sector-Specific Investments and Trends

Private equity is demonstrating growing interest in naval-centric deals, with the U.S. Navy budget exceeding $300 billion annually. TSG Consumer has acquired a majority stake in the body care brand Saltair, valuing the company at the top of its category. Waterland has taken a majority stake in the Danish industrial services firm Norisol, which specializes in technical insulation, scaffolding, and marine solutions. Norisol posted an operating margin exceeding 13% in 2025 and projects revenues to surpass DKr1 billion in 2026. EnCap Flatrock has sold Momentum Midstream to Williams for $5.5 billion. Momentum operates a substantial natural gas system, including over 4,000 miles of pipelines serving regions in east Texas and the Gillis Hub in Louisiana.

Apollo has agreed to acquire Maverick Water Group, an operator of alternative non-potable water systems based in Houston, from Crosstimbers Capital Group. CVC and Partners Group are set to achieve a full exit from their investment in Żabka Group, Poland's largest convenience retailer, following an $8.6 billion bid from Alimentation Couche-Tard. The EU's €5 billion technology superfund is now officially open for business.

Venture Capital and Technology

Global venture funding experienced a significant surge in July, with startup capital totaling $65 billion, a 100% increase year-over-year. Global venture funding also recorded the highest-ever number of billion-dollar venture rounds. A16z has backed Happy Robot at a valuation of $1.2 billion. European robotics startups collectively raised more capital in the first six months of the year than in the preceding two years combined. Plural has backed a $43 million round for Ore Energy, a startup focused on next-generation batteries. Exclaim Robotics has emerged from stealth mode, successfully raising $4.95 million in funding.

Nscale will provide computing resources to AI researchers at Oxford, University College London, and Imperial College London. Bending Spoons has made its first acquisition since its IPO, striking a $2.25 billion deal for Airtable. Graphite's Mike Tilbury suggests that the rise of AI content could lead to a re-rating of data assets that are "rights-clean," implying that their value as critical inputs for AI is currently undervalued by the market.

Investor Sentiment and Operational Considerations

Limited partners (LPs) are increasingly seeking to establish better reporting standards from general partners (GPs). GPs are concerned that impact investing is being unfairly associated with ESG (Environmental, Social, and Governance) considerations. Blue Owl is strengthening its talent presence in Tokyo. The article "How to build secure and user-friendly AI" highlights the importance of integrated data systems, noting that isolated data silos only provide partial insights. There are 12 investors who have recently transitioned into founder roles. A lawsuit has been filed against Nik Storonsky concerning a €350 million superyacht.